Overview

• NatWest will close 25 branches in June, adding to the 1,409 closures the group has made since 2015.
• Santander plans to shut 23 branches next month, part of its goal to close 95 locations in 2025.
• Lloyds Banking Group, encompassing Lloyds and Halifax, will close 14 branches in June, with over-the-counter transactions at affected sites reportedly down 48% in five years.
• The Financial Conduct Authority mandates banks ensure cash access through alternatives like Post Offices, banking hubs, and mobile units.
• Banks, including NatWest, are investing millions in branch upgrades and shared solutions to balance digital growth with community needs.